Aspen Technology, Inc. (NASDAQ:AZPN) Position Lifted by KBC Group NV

KBC Group NV raised its stake in Aspen Technology, Inc. (NASDAQ:AZPN) by 0.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 41,158 shares of the technology company’s stock after purchasing an additional 192 shares during the period. KBC Group NV owned 0.07% of Aspen Technology worth $10,274,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Commerce Bank raised its stake in Aspen Technology by 3.1% during the third quarter. Commerce Bank now owns 1,550 shares of the technology company’s stock valued at $370,000 after buying an additional 47 shares in the last quarter. Heritage Family Offices LLP lifted its stake in Aspen Technology by 2.8% during the fourth quarter. Heritage Family Offices LLP now owns 1,725 shares of the technology company’s stock worth $431,000 after purchasing an additional 47 shares during the last quarter. US Bancorp DE boosted its holdings in Aspen Technology by 0.4% in the third quarter. US Bancorp DE now owns 13,695 shares of the technology company’s stock worth $3,271,000 after purchasing an additional 50 shares during the period. State of Alaska Department of Revenue increased its stake in Aspen Technology by 1.8% during the third quarter. State of Alaska Department of Revenue now owns 3,084 shares of the technology company’s stock valued at $736,000 after purchasing an additional 55 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Aspen Technology by 30.1% during the fourth quarter. GAMMA Investing LLC now owns 251 shares of the technology company’s stock worth $63,000 after purchasing an additional 58 shares during the period. Institutional investors and hedge funds own 45.66% of the company’s stock.

Aspen Technology Stock Performance

Shares of AZPN stock opened at $263.79 on Thursday. The firm has a market capitalization of $16.68 billion, a PE ratio of -454.81, a price-to-earnings-growth ratio of 2.94 and a beta of 0.76. Aspen Technology, Inc. has a 1 year low of $171.25 and a 1 year high of $264.43. The stock has a fifty day moving average of $251.65 and a two-hundred day moving average of $233.48.

Aspen Technology (NASDAQ:AZPN) last announced its earnings results on Monday, November 4th. The technology company reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.54). The company had revenue of $215.90 million during the quarter, compared to the consensus estimate of $265.04 million. Aspen Technology had a negative net margin of 3.26% and a positive return on equity of 2.81%. The business’s quarterly revenue was down 13.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.96 EPS. Equities research analysts predict that Aspen Technology, Inc. will post 6.68 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AZPN. Robert W. Baird reaffirmed a “neutral” rating and set a $265.00 price objective (down previously from $275.00) on shares of Aspen Technology in a research report on Monday. Berenberg Bank lowered Aspen Technology from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 7th. StockNews.com started coverage on Aspen Technology in a report on Saturday, January 25th. They issued a “hold” rating on the stock. Baird R W downgraded Aspen Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday. Finally, Piper Sandler raised their target price on Aspen Technology from $240.00 to $265.00 and gave the company a “neutral” rating in a research note on Monday. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Aspen Technology currently has an average rating of “Hold” and an average price target of $261.00.

Aspen Technology Profile

Aspen Technology, Inc provides industrial software that focuses on helping customers in asset-intensive industries worldwide. The company’s solutions address complex environments where it is critical to optimize the asset design, operation, and maintenance lifecycle. Its software is used in performance engineering, modeling and design, supply chain management, predictive and prescriptive maintenance, digital grid management, and industrial data management.